Get a car loan from your local finance experts

If you’re a New Zealand resident or visa holder over 18 years of age, hold a valid New Zealand driver licence and have regular income, you can apply for finance with us.

Everyone’s situation is different, so our interest rates are tailored to you as an individual.

MTF Finance’s interest rates are fixed for the term of the loan, and range from 8.70% to 20.70% p.a. The interest rate which will apply to your loan depends on a number of factors, including:

• Financial and other information you provide
• Information provided from credit bureaus and other third parties
• Your credit history with MTF Finance if you have been a recent customer

Whether it drives, floats or flies, we can finance almost anything! We also offer loans for business vehicle and equipment. We can even offer loans for home renovations or that well-earned break, using an existing asset as security.

MTF Finance uses the asset you’re borrowing for (or an asset that you own) as a security for the loan. The asset must exceed $2,000 in value and have a serial number. If you have any questions or need more information about this process, just ask – we’ll be happy to help.

If you apply in person with supporting documentation, we can often transfer funds to you on the same day that the loan is completed. If it is for a vehicle purchase, we can also arrange to send the funds directly to the seller on your behalf.

When you buy your vehicle from an MTF Finance approved dealer, you are buying from the person who makes the lending decision. Subject to lending criteria, your MTF Finance dealer is able to make a quick finance decision, allowing you to drive the vehicle of your choice home, today.

Find your nearest MTF Finance approved dealer

Sometimes people use a home loan to finance other things, such as a boat, overseas holiday or vehicle. But putting the car ‘on the house’ may not be the best solution. If you put your car ‘on the house’, you may pay interest for much longer, making the final cost significantly higher.

You may borrow from $2,000 to $100,000, as long as you have sufficient security to support the loan and we’re confident that you are able to manage the repayments.

To consider your application, you must provide:

– A valid NZ driver licence
– Bank statements, in your name, showing transactions for the last 90 days
– Bank statement, utility bill, rates, NZ Government documentation or insurance confirmation showing your name and physical address

If you apply in person, and bring these documents with you, we can usually give you an answer on the spot.

We’ll talk through the loan document, make sure you understand your rights and obligations under the contract and then ask you to sign it. If you have any concerns or queries regarding the obligations you are entering into, we recommend that you seek advice from your lawyer or accountant before signing the loan document.

The interest rate and all fees are set out in the loan agreement you sign at the beginning of the loan term. For information about interest rates and fees, when financing with MTF Finance, see cost of borrowing.

If you’re a business customer, you may be able to claim GST on the principal portion of each instalment, the interest portion of your payments may be tax deductible. The vehicle is recorded on your balance sheet, so you can also claim depreciation.

Consumer protection laws associated with the motor vehicle finance industry include:

– Credit Contracts and Consumer Finance Act 2003
– Responsible lending code
Motor Vehicle Sales Act 2003
– Consumer Guarantees Act 1993
– Fair Trading Act 1986
– Privacy Act 1993
– Personal Property Securities Act 1999
– Financial Service Providers (Registration and Dispute Resolution) Act 2008
– Financial Advisers Act 2008
– Anti-Money Laundering and Countering Financing of Terrorism Act 2009

If you have a concern or complaint about a product or service provided by MTF Finance, you should contact the person who sold the product or provided the service, in the first instance.

If a satisfactory outcome is not achieved, following the step above, please contact MTF Finance Solutions Team

03 477 0530, [email protected], PO BOX 885 Dunedin 9054

If you are not satisfied with the response received from MTF Finance, or MTF Finance is unable to resolve the matter, either party may refer the dispute to the Insurance & Financial Services Ombudsman Scheme (IFSO):

[email protected], 0800 888 202, PO Box 10-845 Wellington 6143